Pakistan remittance reports have shown negative growth as the rate of declination has reached 6.6% in November 2021. The country’s exchange rate has consistently been denied against the US dollar in the last few months. The negative growth of the country’s remittances is at $2.35 billion in November and $2.51 billion in October.
On the other hand, the Turkish Lira has seen a rise when it gained more than 30% against the US dollar, marking the high of all time since 1983. Lira/dollar exchange rate dropped to 11.2248 after it gained 40% against the dollar.